During 1986, completions of privately financed, non- subsidized, unfurnished rental apartments in buildings of five units or more totaled 407,600 units. This represents an increase of about 12 (±7) percent from the 364,500 units completed in 1985. Sixty-six percent of these units were rented (absorbed) within the first 3 months of completion, 84 percent within 6 months, 92 percent within 9 months and 96 percent were rented within a year of completion.